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1.7 billion shares in issue.
So you don’t think the shares could rise to £1?
All depends what we have down hole and in the coming months and years ahead.
My cup is half full.
We don't want an offer yet, the sp has a lot further to go before that stage, let's not forget CH was talking about 200 wells being drilled. News on Saltwash could come any time, and we need production to kick in, a new CPR. But what has CH earmarked for his next move, that's most important?
Would imagine an offer may come in if and when we prove this up
I agree £1 is fanciful I’m hoping after the drill 15p is probably realistic. It would be nice to get some dividends as well.
Phew!,nice to have my head above water on the share price at last after a year submerged !!!
Adon30, yes it does seem very tight to use existing rig for the Saltwash. It was muted though:-
We have grounds for considerable optimism as we look towards 2024, which is set to be extremely active and characterised by substantial news flow. In particular, we continue to prepare for the exciting State 36-2R well redrill, for which we believe substantially all costs will be covered through insurance, and after which we hope to utilise the same rig for a second well.
I think it would be tight on a June drill for Salt Wash. I do think they will seek an extension on it as a lot of the pieces are already in place/ in motion.
H&P will likely already have other drill commitments for their rig so a new rig contract would be needed. This can only be arranged once they have the permit to drill.
Looking really promising.
This could be absolutely anything.
Really exciting
Heavy buying on Friday afternoon and this morning.
Farm in news on the horizon, new CPR to better show the value we have bought into.
Barno61 with 1.7B shares in issue your SP targets is ridiculous ramping.
We are still awaiting news on the Saltwash drill earmarked for June!
Salt Wash drill in June for known helium prospect that has additional o&g remaining from previous vertical drill .
Some helium should put the cat among the pigeons.
'
Tim Adams
@tima441
·
May 5
Worth noting news due from #ZPHR
@ZephyrEnergyPlc
drilling Salt Wash well in June for proven #helium in Paradox basin.
https://malcysblog.com/2024/03/flash-blog-zephyr-pharos/
Once people get wind of the helium that will add to sp I imagine as it is one of the most expensive commodities.
IMO of course!
All I know it=s that Zephyr shouldn't release the rig after second drill..... Lets just keep on drilling.
We already know there’s oil in the well and that it’s at high pressure.
Just a few days more and the company will be transformed and the share price now a memory.
Anyone care to to guess? 20p short term has been muted . With £1 plus on a large reservoir?
Our flagship asset is in the Paradox Basin, Utah, where we hold a 45,000-acre leasehold with 2P reserves of 2.6 mmboe, 2C resources of 34 mmboe and 2U resources 240 mmboe.
At $ 83 a barrel that’s a very large valuation for the company.
Absolutely Northern.We need to get this one right first and foremost and take it from there! Hopefully this drill is one small step on a long profitable journey but theres always a but isnt there
I appreciate what you are saying 're the 20p might be quite conservative. A result though of the drilling issue last year means I am quite cautious, so for me it's first things first - the drill goes well, the results are good then will see where things are at then. I suppose to get to 20p and beyond it will imply again successful drilling and quicker expansion compared to what they have currently achieved. So to me the question is can Zephyr predictably achieve successful wells and if wanting to expand rapidly what is there strategy. However, first things first a successful drill and test results - one last point the so trend is now looking good.
Atb,
Northern
I too would not like to see anyone leave this board. I do find some people overly negative and feel the need to challenge something that seems to be unnecessarily looking for trouble. So come back John!
20p could well be very conservative.
Zephyr Energy
Zephyr has reported that initial flow rates from the six wells operated by Slawson Exploration Company in which the Company has working-interests have exceeded the Company’s expectations. The acquisition of the Slawson wells was announced on 21 December 2022.
Following the flowback of completion fluids in early November 2023, the Slawson wells were sequentially brought into regular production over the course of last month. While it is still early in the life-cycle of the Slawson wells, with a varying number of days on production for each well, production data adjusted for uptime shows an average flow rate of 897 barrels of oil equivalent per day net to Zephyr since inception.
As a result of the initial encouraging performance of the Slawson wells, the Company’s board of directors forecasts that the year-end production run rate from its non-operated asset portfolio in the Williston Basin, North Dakota, U.S. (which includes the Slawson wells) will be between 1,450 and 1,700 boepd, a mid-range increase of 51% versus sales volumes in the third quarter of 2023 of 1,043 boepd, and a 43% increase over the 2022 year-end production rate of 1,103 boepd.
Zephyr’s working interests in the six Slawson wells ranges from 11% to 32% and the Company estimates the Slawson wells to contain 2P reserves, net to Zephyr, of circa 550,000 barrels of oil equivalent.
Paradox project update
Zephyr’s operations team continues to progress planning for the “twinned” redrill of the State 36-2 well. Over the last 45 days, Zephyr’s team has engaged in detailed internal well-planning activity, a process which has included relevant input from specialised third-party service providers in addition to extensive ongoing interaction with Zephyr’s well control insurance providers. As previously announced, the substantial majority of the cost of the redrill is expected to be funded by Zephyr’s comprehensive well control insurance policy.
At the well site, all equipment (including the work-over rig) relating to the State 36-2 well operations was mobilised off location in October / November 2023. More recent operational work has included:
· the completion of a full site clean-up and soil testing (pending approval from the State of Utah);
· the completion of a regrade of the drill site, with surveying and staking for the State 36-2R underway;
· completion of drilling, directional and casing design;
· commencement of independent, third-party consultation of drilling plans and procedures; and
· advancing gas marketing and infrastructure partnerships negotiations.
Next steps will include the submission of a final drilling plan to the State of Utah and the U.S. Bureau of Land Management as part of a sundry notice amendment to the existing State 36-3 LN-C9 well drilling permit. Rig sourcing, selection and contracting workstreams are also underway, as is the pl
No doubt our new investors will add their holdings once Paradox drill is confirmed a proven success …. Which in turn will add to our share price….
What the hell is not to like about that!!
Bring them on and more , happy days ahead guys !
I think you are being rather churlish JD to say the least.Sam Rose is obviously a bit of a hypocrite,saying one think and doing another.Although I'm sure the vast majority of us are guilty of that.You were suggesting there was something untoward about SGRs investment but think it's just more of a reflection of Sam Rose's character .Surely theres nothing to worry about from a 4% holder?
No need to be doing that JD. Apologies if i caused offence, good luck with your investing
I bailed out last summer between 5p -6p ( the right decision as it tanked to 2p. ). Been steadily buying back in as i fully believe ZHPR are right back on track. Either way, it can only be a positive when SGR takes a 3.6% equity stake in a DFE deal & Tindell increase to, just as we are beginning the drill. GLA
You would imagine the board would have done such basic due diligence if anything seemed untoward but regardless his holding is far too minor to have any real influence. The far most likely explanation is he simply likes the investment case.
Man with ' no time at all for conspiracy theories'...pedals conspiracy theory.